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The similarity system

  • #4,521
  • Jul 24, 2013 11:15pm Jul 24, 2013 11:15pm
Pay attention to the 1EMA and 1.32203
  • #4,522
  • Jul 24, 2013 11:16pm Jul 24, 2013 11:16pm
Quoting vlady1974
{quote} Morning! Is that 92% resistance? Thx
yes vlady1974. The strength of the resistance reduces with time. Now @ 0.74
  • #4,523
  • Jul 24, 2013 11:17pm Jul 24, 2013 11:17pm
Quoting vlady1974
{quote} .... Just offer support resistance. ...........
Exactly. With current price (CP) hovering above 1.3200, it adds to the likelihood of an Up day!
dp
  • #4,524
  • Jul 24, 2013 11:23pm Jul 24, 2013 11:23pm
Quoting EaglePip
{quote} Exactly. With current price (CP) hovering above 1.3200, it adds to the likelihood of an Up day! dp
So far I am using indicators that have been highlighted in Eurusdd's last templates relating to Rv1 and 2, not CI.
The effect you're mentioning is coincidental... Ie, it could be a down day with close on a BRN then next dy open from BRN.... but what I've tested so far does not use S/R and is irrelevant as a Day could break any number of BRN SR levels. All I am measuring is the likelihood that Close will be greater or less than Open.
A pip is only worth it if you know how much you risked to earn it
  • #4,525
  • Jul 24, 2013 11:24pm Jul 24, 2013 11:24pm
Quoting vlady1974
{quote} So far I am using indicators that have even highlighted in Eurusdd's last templates relating to Rv1 and 2, not C? The effect you're mentioning is coincidental... Ie, it could be a down day with close on a BRN then next dy open from BRN.... but what I've tested so far does not use S/R and is irrelevant as a Day could break any number of BRN SR levels. All I am measuring is the likelihood that Close will be greater or less than Open.
I love doing that.
Strength of 1.32203 @ 0.71
  • #4,526
  • Jul 24, 2013 11:29pm Jul 24, 2013 11:29pm
strength of 1.32203 @ 0.65
  • #4,527
  • Edited 11:51pm Jul 24, 2013 11:29pm | Edited 11:51pm
Quoting Eurusdd
{quote} I pray for intelligent posts like this one everyday! If everyone knew exactly where price is going and when it will go there: there will be no market! Let me ask you this simple question: If you had the key to immortality, would you stand in the street and announce it to the whole world? I don't think so. Why? War is profitable and the powers-that-be will pick you up fast!... I believe you will enjoy your power for a while and even if you want to share it with someone, you will indirectly introduce the person to the truth. Those who are...
Hi guys,

I made losses few days ago before i read this thread. I found in this thread with very good ideas. ZigZag, CyclicIndicator, Stoch, etc. EURUSDD you are first kind to share that with us and second you master your idea, this is really great. Thanks.

I understood soon that the market is not a casino. This a Supply / Demand market so if everybody wan't to buy the price at the forecast level, nobody wants to sell before that price, so the price won't go there... so this is the idea i hope. This is probably the major reason you can not tell us everything. "The more is works, the less it works".

I hope being able to go back in green now !
Enter Signature
  • #4,528
  • Jul 24, 2013 11:29pm Jul 24, 2013 11:29pm
Quoting vlady1974
{quote} So far I am using indicators that have been highlighted in Eurusdd's last templates relating to Rv1 and 2, not CI. The effect you're mentioning is coincidental... Ie, it could be a down day with close on a BRN then next dy open from BRN.... but what I've tested so far does not use S/R and is irrelevant as a Day could break any number of BRN SR levels. All I am measuring is the likelihood that Close will be greater or less than Open.

The close of ANY timeframe candles will be above or below open > 95% of the time, I have checked this before.
  • #4,529
  • Jul 24, 2013 11:32pm Jul 24, 2013 11:32pm
Quoting lappies
{quote} The close of ANY timeframe candles will be above or below open > 95% of the time, I have checked this before.
  • #4,530
  • Jul 24, 2013 11:33pm Jul 24, 2013 11:33pm
Quoting Eurusdd
strength of 1.32203 @ 0.65
Hi Eurusdd,

At M1 the zz can be shown, ema has reach the BB. Shall I close the SELL order now ?

edit:
I have closed it with 3 pips profit ... Great
  • #4,531
  • Jul 24, 2013 11:35pm Jul 24, 2013 11:35pm
Quoting vlady1974
{quote} Short opened @ 1.32234, closed @ 1.32169 Day closed at @ 1.31955 DOWN DAY Anticipated based on new rules being formulated Next day prediction: UP DAY Long opened @ 1.31948 This one is a little more difficult as we are right on the border of some indicator thresholds. Anticipation of swing high lower than previous swing high. However, if the change occurs intraday, given PMI news releases, the day could easily turn into a DOWN DAY if the thresholds are broken. {image}
My broker shows an Open: 1.3189
the last couple of days price had an issue with 1.3220.
So I am looking at 1.3176 from where eurusdd pointed. Thank you for yesterday's put heads up, that helped.

-- BTW new to the thread. -- Hello everyone!!
  • #4,532
  • Jul 24, 2013 11:41pm Jul 24, 2013 11:41pm
strength of 1.32203 @ 0.54.
When strength drops below 0.2-0.1, the level is weak! Price is now free to go through!
  • #4,533
  • Jul 24, 2013 11:42pm Jul 24, 2013 11:42pm
Quoting lappies
{quote} The close of ANY timeframe candles will be above or below open > 95% of the time, I have checked this before.
Well that's an easy enough statement to test, grab any TF count a sample and count for Doji/up/down candles. Then remove Dojis.

I am trying to forecast tomorrow's exact direction at Open + 1H. Not so easy... 33% right, 64% wrong probabilities at its simplest calc.
A pip is only worth it if you know how much you risked to earn it
  • #4,534
  • Jul 24, 2013 11:44pm Jul 24, 2013 11:44pm
Quoting vlady1974
{quote} Well that's an easy enough statement to test, grab any TF count a sample and count for Doji/up/down candles. Then remove Dojis. I am trying to forecast tomorrow's exact direction at Open + 1H. Not so easy... 33% right, 64% wrong probabilities at its simplest calc.
can we play that game. my bar begins at 9/10 pm gmt.
  • #4,535
  • Jul 24, 2013 11:45pm Jul 24, 2013 11:45pm
strength of 1.32203 @ 0.40. Any value below 0.5 is a green-light for price to go through if it wants to.
  • #4,536
  • Jul 24, 2013 11:46pm Jul 24, 2013 11:46pm
Quoting vlady1974
{quote} Well that's an easy enough statement to test, grab any TF count a sample and count for Doji/up/down candles. Then remove Dojis. I am trying to forecast tomorrow's exact direction at Open + 1H. Not so easy... 33% right, 64% wrong probabilities at its simplest calc.
Then you already have a 64% probability what direction it will close
  • #4,537
  • Jul 24, 2013 11:48pm Jul 24, 2013 11:48pm
Quoting lappies
{quote} Then you already have a 64% probability what direction it will close
true talk.
  • #4,538
  • Jul 24, 2013 11:49pm Jul 24, 2013 11:49pm
so those who trade using resistance/support levels: similarity can help you too. Do you see how eurusd is respecting 1.32203? strength of 1.32203 @ 0.35.
  • #4,539
  • Jul 24, 2013 11:51pm Jul 24, 2013 11:51pm
Quoting Eurusdd
so those who trade using resistance/support levels: similarity can help you too. Do you see how eurusd is respecting 1.32203? strength of 1.32203 @ 0.35.
Yes. I was looking for the resistance to hold and you are hinting at resistance becoming week. How?
  • #4,540
  • Jul 24, 2013 11:52pm Jul 24, 2013 11:52pm
strenght of 1.32203 @ 0.25
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